The robotic lawn mower market is projected to grow 3.6X by 2031, driven by AI advancements and increased automation in residential and commercial sectors.
Technological advancements and rising penetration of artificial intelligence have paved the way for increased sales of robotic lawn mowers, since they have become much more efficient.
Rising dependency on automation in the commercial sector to decrease operating costs and increasing adoption of domestic robots for residential applications are major factors estimated to drive the growth of the robotic lawn mower market during the forecast period.
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According to FMI’s recent market study, the robotic lawn mower market is projected to progress at a high CAGR of 11.5% and reach a valuation of US$ 2 Bn by the end of the forecast period (2021-2031).
Key Takeaways of Robotic Lawn Mower Market Study
“There is significant potential in the long-run as far as robotic lawn mowers are concerned for lawns in commercial areas, sports fields, hotels, and parks. Thus, companies in the market are positioning themselves to enter the professional/commercial market where requirements for technology and reliability are even higher
Robotic Lawn Mower Market : Competitive Landscape
The global robotic lawn mower market is significantly consolidated, with a few players holding a prominent share of nearly 50% in the market space.
Some of the key players operating in the global robotic lawn mower market are Husqvarna AB, MTD Products, STIGA S.p.A., KYODO CO., LTD., and Robert Bosch GmbH, among others.
Moreover, to win over market imponderables and shakeouts, manufacturers such as Husqvarna, MTD, and Honda are expanding their geographic reach to South East Asia & Pacific.
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Robotic Lawn Mower Market Taxonomy
The global robotic lawn mower market is segmented in detail to cover every aspect of the market and present complete market intelligence to the reader.
Working Area
End Use
Sales Channel
Region
Find More Valuable Insights on Robotic Lawn Mower Market
FMI, in its new research report, offers an unbiased analysis of the global robotic lawn mower market, presenting forecast statistics for the period of 2021-2031.
The report reveals insights on the robotic lawn mower market, and covers market dynamics, market share analysis, pricing analysis, and channel partners involved in the robotic lawn mower market value chain.
Readers can also find key trends and market growth scenarios based on working area, end use, sales channel, and regions such as North America, LAMEA, South East Asia & Pacific, and Europe.
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The article discusses the growth of the robotic lawn mower market, driven by technological advancements and increased automation.
How is the market expected to grow? The market is projected to grow 3.6X by 2031 with a CAGR of 11.5%.
What are the key growth drivers? AI advancements and automation in residential and commercial sectors are key drivers.
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